Mcfadden Foundation Inc
- Assets
- $28.1m
- Revenue
- $1.0m
- Investments
- $22.8m
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 27-0601149
Organization Overview
Mcfadden Foundation Inc is located in Tallahassee, FL. The organization was established in 2011. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcfadden Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Mcfadden Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $883.3k during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Hagen Chair/president/vp/secreta | 40 | $50,041 | |
Raymond Wilson Trustee | 40 | $52,902 | |
Sherryl Lapping Trustee | 40 | $45,831 | |
Glenn A Kirbo Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wjj Brands Llc | 12/30/21 | $73,105 |
Straughn Trout Architects Llc | 12/30/21 | $61,910 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700 |
| Interest on Savings | $0 |
| Dividends & Interest | $845,099 |
| Net Rental Income | $48,135 |
| Net Gain on Sale of Assets | $122,904 |
| Capital Gain Net Income | $122,904 |
| Net ST Capital Gain | $15,358 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,366 |
| Total Revenue | $1,021,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $148,774 |
| Other employee salaries and wages | $175,089 |
| Pension plans, employee benefits | $38,859 |
| Interest | $70 |
| Taxes | $49,682 |
| Depreciation | $44,590 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,199 |
| Printing and publications | $0 |
| Other expenses | $148,101 |
| Total operating and administrative expenses | $883,255 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $883,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,461 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,237,975 |
| Other assets | $623,376 |
| Total assets | $28,059,655 |
| Accounts payable and accrued expenses | $5,167 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,167 |